What bettors think Apple will talk about on its earnings call
CNBC • • business
Key Points:
- Apple will report earnings after the bell on Thursday, marking the first call since CEO Tim Cook announced his departure in September, with John Ternus set to succeed him.
- Traders are nearly certain Apple will discuss China and tariffs during the call, assigning 98% and 96% probabilities respectively.
- There is a 27% chance Apple will mention Google's AI model Gemini, reflecting Apple's partnership with Google but also Wall Street's view of Apple as lagging in AI development.
- Traders believe it is unlikely Apple will discuss AI-supported smart glasses or foldable iPhones, with only 24% and 9% chances respectively, despite ongoing development reports.
- The report notes a commercial relationship between CNBC and Kalshi, which provides trader sentiment data.
